Molson Coors: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2023, 07:18 AM ET
Last Updated - Aug 01, 2023, 07:18 AM EDT
GOLDEN, Colo. (AP) — GOLDEN, Colo. (AP) — Molson Coors Brewing Co. (TAP) on Tuesday reported second-quarter net income of $342.4 million.
The Golden, Colorado-based company said it had profit of $1.57 per share. Earnings, adjusted for non-recurring costs, came to $1.78 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.
The beer maker posted revenue of $3.87 billion in the period. Its adjusted revenue was $3.27 billion, which missed Street forecasts. Five analysts surveyed by Zacks expected $3.31 billion.
